St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-12-17
The COMMERCIAL RECORD.
Light Receipts Of Hogs Cause Pork and
Lard 10 Open Strong at
Chicago.
Corn and Wheat Still Continue to adj
vance and Cause Lively
Market.
Transactions in the Financial Circles
Of Wall Street.-The General
Quotations.
Snecial 10 the Globe.


ing in provisions this morning. The market
opened firm and higher on the moment
started Yesterday, with the country buying
through commission merchants and Bloom
and Warren whooping things up. Bloom
and Warren are the two great longs the
- former on his own account and the latter
presumably for account of foreign specula-
Tors May pork was run up TO Sl5.90, March
ribs TO So. and May lard TO $500. There was
q smart reaction from the extreme prices, but
the market was muscular, and all for the
light weights TO fool with. Pork has made
gain of soc in two days, lard, sea 35c, and
ribs 20625c. and this, too, on top of what
looked 10 be a tired and topping market.
Hogs were scarce at the yards and COM
manded higher prices. Wheat and corn were
steady early Wheat ranged S27SGS35sc
for May during the first COUPLE of hours.
Corn developed a tendency to soar, and
sailed from 53ssc to 3334c. The feeling on the
floor during the first half of the session
was bullish on everything. Every
body wanted to do business at once in pro-
visions. and after the first hour the market
quoted down, though the average for the re
mainder of the day was above the ordinary.
The subsistence in the excitement was ac-
companied by moderate decline in prices.
Pork was held around S15.7G@15.75, and
lard and ribs were steady at only a fractional
drop in values Cables are weak on both
wheat and corn, but for two days there have
been
HEAVY EXPORTS OF WHEAT
from New York. There is pause in the ex-
port demand for flour. The receipts at Du-
luth don't perceptibly diminish, although it
is known that this wheat is from country
elevators and not direct from farmers, the
figures impress traders. This Is in brief. the
statistical news situation foT day. The local
market was strong on large local buying by
pool and others. Hutchinson has turned
seller on small scale The crowd got ex-
cited when the price of May crossed S3l2c,
but the vision of the liberal Northwestern
movement and old Hutchinson selling
checked the advance. Corn was unqUalI-
fedly strong and advanced lie without effort.
The large estimated receipts for tomorrow.
325 cars, caused halt and slight recession
from extreme figures. But The tone was at
no time weak. The price is now about half
way the back track from the bottom of the
decline from the top Of the first furious
bulge, and the prophets are predicting CSC
on this advance. The country is coming in
again, but the great bulk of the recent new
buying is for local account. Sentiment on
corn has changed considerably within the
past forty-eight hours, and the bears have he
come few i'll number.
THE ROUTINE REPORT.
CHICAGO, Dec. 16.-The light receipts of
hogs to-day caused pork and lard to open
strong on change this morning. May lard
opened Zoe higher, being quoted at SO 10,
and in the first Hurry in ran UP TO So 22i2.
May pork opened loo higher at S15.25. and
Immediately advanced to S15.90. Country
buying orders for both lard and ribs were
numerous. Corn opened a trifie higher at
53s4c for May, on light receipts, and May
wheat opened unchanged at S3lsc. Proyis-
ions and corn attracted nearly all of
the attention during the early morning.
May pork, which tOnched $3.50 early,
dropped back to S15.67 l26 10. 20, and later
ruled firm around S15, 700i 1873, with large
quantities of stuff changing hands. May lard.
which had advanced 10 SS.32l2. dropped
back to SS.l5, and subsequently advanced TO
$500. The corn men started boom shortly
Off to 533sc during the opening sales was
rushed up TO 5iS4c. Wheatfoilowed The lead
of corn. and May sold up S35sc. There was
no further bulge in lard or pork during the
morning, but pork held strong around Sl5.19
or a trifie above.
THE QUOTATIONS..
The leading futures ranged as follows:
Wheat No. 2-December, 75I2c, closing at
1850; January, 757sc, closing at 76l2c: Feb
ruary, 765sc, closing at 77SSc; May, S3Isc,
closing at s3s4c Corn-No. December,
4S14c. closing at 49c; January, 4SIec. closing
al 49Isc; February, 4934c. closing at 49l2c:
May, 53S4c. closing at 54l2c. Oats-No. ,,
January 30S4c closing at 307sc: February
307sc. closing at BOISE; May, 33I2c, closing
at 337sc. Mess Pork per bbl-JanuaTy, Sl5.15,
closing at S15.1712; February. $3.50. clos
ing at 1888; May, $3.50, closing at
SIS. S2I2. Lard per 100 lbs-December,S $40,
closing at SITE; January. $50, closingat
S7.S2I2; February, $50. closing at S7.92l2;
May, S. 10, closing at SS.22l2. Short Ribs
per 100 lbs-January, S7.75. closing at $40;
February, 81 80. closing at S7.S7I2; March, 50,
closing at S7.95: May, SS.20, closing at So. 10.
Cash quotations were as follows: Flour
Dull and prices steady and nominally I'M
changed. Wheat-No. . spring, 755s0 7Glsc;
No. spring. 6l0G6c; No. red, 7Sc. Corn
No. >. 4S7Sc. Oats-NO. =, 30I2G31c. Rye
No. =, 62c. Barley-No. . 7C@76c. Flax
Seed-No. l. SI.24. Timothy Seed-Prime,
S224. Mess pork, per bbl, Sl490@15.
Lard, per 100 lbs. S7.75. Short ribs
sides loose), S1.70Q7.75. Dry sailed Shout
ders (boxed), 50 .SUGt5.90. Short clear sides
(boxed), S7.90027.95. Whisky-Distillers
finished goods, per gal Sill Sugars
Cut loaf, 1S40S4c; graduated, 1-Jc:
standard "A &c. Receipts-FlOur, 10000
bbls; wheat. $500 bu: corn, 16l, 900 bu;
oats, 9S, 900 bu: rye, 1000 bu; barley 81
O0D bu. Shipments-Flour. 30. geo bbls:
wheat 10000 bu: corn. los, 900 bu; oats
T4,OC0 bu; rye, 1000 bu: barley, $4,000
bu On the produce exchange to-day the
@29c; fancy 24l2G26c. Eggs. 20l2022c.